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Palestinian billionaire Sabih al-Masri released by Saudi Arabia

Published on December 21, 2017

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Sabih al-Masri

The Palestinian billionaire Sabih al-Masri was released by the Saudi government after being held for questioning last week according to the Arab news website Rai al- Youm on “information related to corruption.”

The 80-year-old founder of Zara Investment Holding and chairman of the Arab Bank disclosed to the Reuters news agency that he was treated with “respect” by the Saudis and upon the closure of business meeting this week, he would be returning to Amman, the Jordanian capital while he stay at his home in Riyadh for now.

Sabih al-Masri who is a cousin to the wealthiest person in Palestine Munib al-Masri holds both Saudi and Jordan’s citizenship.

His detention stunned the whole of the Jordanian territory where his multibillion-dollar investments are a big pillar of the nation’s economy; it was propelled by the anti-corruption purge initiated by Saudi Arabia which is focused on top officials, businessmen and members of the royal family.

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